Brookfield Infrastructure Partners (BIP) Set to Announce Quarterly Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) is set to post its quarterly earnings results before the market opens on Wednesday, May 4th. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.95 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, February 2nd. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.80). Brookfield Infrastructure Partners had a return on equity of 4.14% and a net margin of 8.09%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, analysts expect Brookfield Infrastructure Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of BIP stock opened at $61.96 on Wednesday. Brookfield Infrastructure Partners has a 12-month low of $52.44 and a 12-month high of $69.01. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 35.61 and a beta of 0.80. The business has a 50 day simple moving average of $63.09 and a 200 day simple moving average of $60.24. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.57 and a quick ratio of 0.52.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, February 28th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.49%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 25th. Brookfield Infrastructure Partners’s dividend payout ratio is 124.14%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIP. Geode Capital Management LLC boosted its stake in shares of Brookfield Infrastructure Partners by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 10,305 shares of the utilities provider’s stock worth $578,000 after acquiring an additional 204 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Brookfield Infrastructure Partners by 34.1% in the fourth quarter. Credit Suisse AG now owns 29,916 shares of the utilities provider’s stock valued at $1,819,000 after purchasing an additional 7,610 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Brookfield Infrastructure Partners by 7.6% in the fourth quarter. Cetera Investment Advisers now owns 7,329 shares of the utilities provider’s stock worth $446,000 after buying an additional 518 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 52.9% during the fourth quarter. Advisors Asset Management Inc. now owns 3,637 shares of the utilities provider’s stock valued at $221,000 after buying an additional 1,259 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Brookfield Infrastructure Partners by 1,740.1% during the fourth quarter. Deutsche Bank AG now owns 151,701 shares of the utilities provider’s stock valued at $9,226,000 after buying an additional 143,457 shares during the period.

BIP has been the subject of a number of research reports. National Bankshares increased their price target on Brookfield Infrastructure Partners from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 3rd. Raymond James set a $70.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Thursday, February 3rd. BMO Capital Markets increased their price target on Brookfield Infrastructure Partners from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, March 31st. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 3rd. Finally, Citigroup increased their price target on Brookfield Infrastructure Partners from $57.00 to $65.00 in a research note on Thursday, February 10th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $67.67.

About Brookfield Infrastructure Partners (Get Rating)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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Earnings History for Brookfield Infrastructure Partners (NYSE:BIP)

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